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ASEAN Agrees on Partnership to Boost Investment

The 10 ASEAN member states agreed on Wednesday,16/11/2011, to work together to promote investment in the region, as well as to exchange information and experience in efforts to boost the investment.

The agreement was made during the meeting of the ASEAN Heads of Investment Agencies, as part of the ASEAN Investment Forum in Nusa Dua, Bali, on Wednesday.

The forum conjoins with the 19th ASEAN Summit and sixth East Asia Summit that will take place from Thursday to Saturday, also in Nusa Dua.

“This agreement on investment partnership is aimed at preparing an investment institution to improve the investment climate in Southeast Asia,” Indonesian Coordinating Board (BKPM) deputy head for investment partnerships Achmad Kurniad said Wednesday in Nusa Dua.

Achmad, however, did not elaborate further on the investment institution.

He said that improving the investment climate was critical to supporting free investment flows envisioned for the ASEAN Economic Community that is aimed to be created by 2015.

“The partnership is hoped to inspire relationships that will benefit each [ASEAN] member and advance investment in the region,” he said as quoted by Antara.

Source : Thejakartapost.com